Location: Hoparkins, Melbourne
Do Not Show Listings
2513 LIPSCOMB ST, MELBOURNE, FL 32901
$177,50043 Days on yellowkey MLS ID: A4684029
Bed: 5 Bath: 4.5 Liv Area Sq Ft: 2607 Built: 1930 Tax: $1,319 (2025)Community: Town/HoparkinsSingle Family
Market Analysis: For SaleFor RentSoldRented
Nearby Properties: For SaleFor RentSoldRented
Taxes:$1,319
Elementary School: None
High School: None
Tax Year: 2025
Middle School: None
Remarks: Prime Investment Opportunity in Melbourne! This unique property offers strong upside for investors and builders alike. The rear home (2513) is already cash flowing, featuring 2 bedrooms and 2 bathrooms with an in-place tenant paying $1,475/month, providing immediate income. The front home (2511) offers significant value-add potential and is being sold primarily for land value, with options to renovate using existing plans for a 3/2 layout or redevelop the site. Full permits and plans have been submitted to the city for improvements to the rear property. Whether you choose to hold for income, renovate, or explore future redevelopment, this property presents a rare opportunity just under one mile from the ocean in a highly desirable area. A versatile investment with both current returns and long-term potential.
Listing is courtesy of: ELEVATE REALTY LLC (561-427-3923)
Listing Agent: Laura Auten (561-427-3923)
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